U.S.: Polycarboxylic Acid Market 2024

Polycarboxylic Acid Market Size in the U.S.

The U.S. polycarboxylic acid market fell slightly to $X in 2022, which is down by -2.1% against the previous year. The market value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Polycarboxylic Acid Production in the U.S.

In value terms, polycarboxylic acid production contracted modestly to $X in 2022. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 39% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Polycarboxylic Acid Exports

Exports from the U.S.

In 2022, approx. X tons of polycarboxylic acids were exported from the United States; dropping by -20.2% compared with 2021. Overall, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 22% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, polycarboxylic acid exports expanded significantly to $X in 2022. In general, exports recorded a perceptible descent. The pace of growth appeared the most rapid in 2021 when exports increased by 36%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X tons) was the main destination for polycarboxylic acid exports from the United States, with a 39% share of total exports. Moreover, polycarboxylic acid exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), threefold. The third position in this ranking was taken by the Netherlands (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Canada totaled -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-2.8% per year) and the Netherlands (+3.2% per year).

In value terms, Canada ($X) remains the key foreign market for polycarboxylic acids exports from the United States, comprising 33% of total exports. The second position in the ranking was taken by Mexico ($X), with a 13% share of total exports. It was followed by Japan, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+0.4% per year) and Japan (+0.0% per year).

Export Prices by Country

In 2022, the average polycarboxylic acid export price amounted to $X per ton, jumping by 36% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Polycarboxylic Acid Imports

Imports into the U.S.

Polycarboxylic acid imports into the United States reduced to X tons in 2022, falling by -10.2% compared with the previous year. The total import volume increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by 32% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, polycarboxylic acid imports totaled $X in 2022. The total import value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 26%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Canada (X tons) constituted the largest supplier of polycarboxylic acid to the United States, with a 49% share of total imports. Moreover, polycarboxylic acid imports from Canada exceeded the figures recorded by the second-largest supplier, Mexico (X tons), fourfold. The third position in this ranking was held by South Korea (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Canada stood at -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+15.6% per year) and South Korea (+14.3% per year).

In value terms, Canada ($X) constituted the largest supplier of polycarboxylic acids to the United States, comprising 33% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by Mexico, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.6% per year) and Mexico (+13.9% per year).

Import Prices by Country

In 2022, the average polycarboxylic acid import price amounted to $X per ton, jumping by 22% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2021 an increase of 23% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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